Walk and Watch Your Interest Grow... Jeonbuk Bank-KakaoPay 'Walking Savings'

Up to 7.0% Annual Interest and 300,000 Won Monthly: Launch of 'Geongang Jeokgeum' Savings Account

Jeonbuk Bank (President Baek Jong-il) announced on the 8th that it has launched a "Walking Savings" product with KakaoPay, which offers preferential interest rates just by walking.

"Walking Savings" is a healthcare product launched through a partnership between Jeonbuk Bank and KakaoPay, combining health services and financial products. It is a fixed-term savings account that provides preferential interest rates based on the number of steps using KakaoPay's pedometer service.

Jeonbuk Bank-Kakao Pay launch 'Walking Savings' that earns interest while walking.
[Photo by Jeonbuk Bank]

The subscription period is 6 months for first-time customers of Jeonbuk Bank, with a monthly deposit amount ranging from 50,000 KRW to 300,000 KRW. Customers can subscribe through Jeonbuk Bank's non-face-to-face account opening service linked on the KakaoPay app page.

The maximum annual interest rate applied is 7.0%. The base interest rate is 1.0% per year, and the preferential interest rate is up to 6.0% per year. The preferential interest rate includes up to 2.4% per year based on weekly step counts and up to 3.6% per year based on daily step counts. Days when the step count target is not met are also considered. A "waiver ticket" is granted to help customers achieve the preferential conditions as much as possible.

A representative from Jeonbuk Bank said, "We developed this new product to help customers lead healthy lives and feel a sense of accomplishment when reaching their goals," adding, "We will continue to create financial products that provide practical benefits to customers through various collaborations with multiple partners."

This content was produced with the assistance of AI translation services.